Is China pulling the handbrake on loans to Africa? In Africa, reports suggest that a combination of rising bad debt by BRI borrowers and China’s shrinking and increasingly introspective economy, aggravated by COVID-19 lockdowns, forced Beijing to con...

It has been a busy start to the week in East Africa. The budget office said in a statement that Kenya’s ballooning debt burden partly reflects repayments deferred from the previous period by DSSI creditors. While fiscal risks are expected to intensif...

According to data from the Central Bank of Kenya, private sector credit growth reached 7.7% in June 2021. As a result, there is concern that the government may opt to implement further lockdowns in future, as has been the case each time there has bee...

The dollar has effectively stalled this morning as it pivots around the 92.00 handle with the market assessing the impact of the Delta variant surging across the Southern United States and the lack of a timeline regarding the infrastructure bill. Acc...

In the currency market, the weaker PMI reading pressured both the onshore and offshore yuan this morning and some of that pressure has filtered through to the likes of the Aussie dollar given the strong trading dynamics between the two countries. The...

The Fed effectively pressed pause on the dollar rally overnight and we currently have the USD index quoted just north of 92.15 as we head into the start of the EU session. Note that the African Export-Import Bank is taking on a bigger role after disr...